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Author Topic: Sears, the store that changed America, declares bankruptcy  (Read 342 times)

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Offline Formerly Once-Ler

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Sears, the store that changed America, declares bankruptcy
« on: October 15, 2018, 03:09:25 pm »
https://www.cnn.com/2018/10/15/business/sears-bankruptcy/index.html
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Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy.

The 132-year-old company has been struggling for several years and is drowning in debt. The final straw was a $134 million debt payment due Monday that it could not afford.

Sears Holdings (SHLD), the parent company of Sears and Kmart, is among dozens of prominent retailers to declare bankruptcy in the era of Amazon (AMZN).

At least we still sell weapons of mass death to muslims!  USA USA USA!

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Online libertybele

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Re: Sears, the store that changed America, declares bankruptcy
« Reply #1 on: October 15, 2018, 08:36:34 pm »
Good grief. Sears has been in financial trouble ever since I can remember. Didn't they by out Kmart?  A loser store buying out another loser store and then they decided to open up various locations of just selling appliances.  Another losing proposition.  Poorly managed.  They deserve to fold.
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Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline Emjay

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Re: Sears, the store that changed America, declares bankruptcy
« Reply #2 on: October 15, 2018, 11:40:53 pm »
Quote from: libertybele on October 15, 2018, 08:36:34 pm
Good grief. Sears has been in financial trouble ever since I can remember. Didn't they by out Kmart?  A loser store buying out another loser store and then they decided to open up various locations of just selling appliances.  Another losing proposition.  Poorly managed.  They deserve to fold.

Maybe, but I feel a little pang of regret about it... kind of nostalgia thing.  But Amazon is killing a lot of retail stores.
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Against stupidity, the Gods themselves contend in vain.

Online libertybele

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Re: Sears, the store that changed America, declares bankruptcy
« Reply #3 on: October 16, 2018, 12:29:53 am »
Quote from: Emjay on October 15, 2018, 11:40:53 pm
Maybe, but I feel a little pang of regret about it... kind of nostalgia thing.  But Amazon is killing a lot of retail stores.

Yes, Amazon has captured the retail market and is killing brick and mortar.  They have a monopoly on everything especially with prime members paying nothing in shipping and there have been times when I haven't been asked to return an item, they have just taken my word for it and sent me a new one! 

The have changed the way America shops for sure and I'm really not so sure it's a good things as it's costing jobs and will cost more jobs in the future.

I can't help but reflect on an article that I read regarding the new generation of retirees in their campers making deliveries for Amazon in order to sustain.  What a way to live.  What's going to happen to these people when they can no longer drive?
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Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.
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